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Burger King | Corp Abs NNN | DriveThru 9827 Bluebonnet Blvd 2,425 SF Retail Building Baton Rouge, LA 70810 $2,678,784 CAD ($1,104.65 CAD/SF) 6.61% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Over 4 Years Remaining | Corporate Guaranteed | Options To Extend | Well-Known & Established Brand
  • Mall of Louisiana (1,559,000 SF) | Dense Retail Corridor | Strong National/Credit Tenant Presence
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • Near Signalized, Hard Corner Intersection | I10 (122,000+ VPD) | Excellent Visibility & Access

EXECUTIVE SUMMARY

SRS National Net Lease Group is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in a NNN leased, Burger King investment property located in Baton Rouge, Louisiana. The tenant, GPS Hospitality, has over 4 years remaining on their current lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases that started in year 6 of the initial term and throughout the option periods, steadily growing NOI and hedging against inflation. The lease is an Absolute NNN lease with zero landlord responsibilities making it an ideal investment opportunity for a passive investor.

PROPERTY FACTS

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Fast Food
Building Size
2,425 SF
Building Class
B
Year Built
2007
Price
$2,678,784 CAD
Price Per SF
$1,104.65 CAD
Cap Rate
6.61%
NOI
$176,945 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
0.87 AC
Zoning
General Commercial

AMENITIES

  • Corner Lot
  • Freeway Visibility
  • Pylon Sign
  • Restaurant
  • Signage
  • Signalized Intersection
  • Drive Thru

MAJOR TENANTS Click Here to Access

  • TENANT
  • INDUSTRY
  • SF OCCUPIED
  • RENT/SF
  • LEASE TYPE
  • LEASE END
  • Accommodation and Food Services
  • 99,999 SF
  • -
  • Lorem Ipsum
  • Jan 0000

Burger King is known for serving high-quality, great-tasting, and affordable food. Founded in 1954, Burger King is the second largest fast food hamburger chain in the world. The original Home of the Whopper, their commitment to premium ingredients, signature recipes, and family-friendly dining experiences is what has defined their brand for many successful years.

TENANT INDUSTRY SF OCCUPIED RENT/SF LEASE TYPE LEASE END
Accommodation and Food Services 99,999 SF - Lorem Ipsum Jan 0000

NEARBY MAJOR RETAILERS

Capital One
Snap Fitness 24/7
Starbucks
Albertsons
F45 Training, Inc.
Chase Bank
MOOYAH Burgers, Fries & Shakes
Renasant Bank
Hancock Whitney Bank
Anytime Fitness

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
02459949
Land Assessment
$148,028 CAD
Improvements Assessment
$45,688 CAD
Total Assessment
$193,715 CAD
  • Listing ID: 36010968

  • Date on Market: 2023-03-06

  • Last Updated:

  • Address: 9827 Bluebonnet Blvd, Baton Rouge, LA 70810

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